Enservco signed a non-binding letter of intent with East West Bank to amend its existing senior revolving credit facility to reduce bank debt by $16 million, amend the current facility into a term loan and provide a new working capital revolving line of credit in exchange for equity.
Conformis amended the quarterly financial covenants contained in its loan and security agreement, dated June 25, 2019, with Innovatus Life Sciences Lending Fund I as collateral agent and lender, as well as East West Bank and other lenders.
The American Bankruptcy Institute selected Chief Bankruptcy Judge Barbara J. Houser as president of the board of directors for a one-year term. In addition to Houser’s appointment, Robert P. Reynolds was named president-elect and will become president in April 2021.
PetIQ has completed the acquisition of Perrigo Animal Health, a manufacturer of vet quality products for pet parents, from Perrigo Company for $185 million in cash.
Legacy Texas Bank led a bank group on an amendment to Vaquero Midstream’s revolving credit facility, increasing the size of the facility to $225 million and extending the facility commitment to December 2021.
Wells Fargo and CIT Bank amended General Finance’s senior credit facility, increasing the maximum borrowing amount from $237 million to $260 million.
Goodnight Midstream expanded its revolving credit facility to $420 million from $320 million. ABN AMRO Capital USA and Wells Fargo served as joint lead arrangers on the transaction.
Goodnight Midstream expanded its revolving credit facility from $165 million to $320 million. ABN AMRO Capital USA served as administrative agent, book runner and sole lead arranger on the transaction.